Zillow Group, Inc. (NASDAQ:Z) Shares Purchased by Korea Investment CORP

Korea Investment CORP boosted its stake in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 9.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 96,629 shares of the financial services provider's stock after acquiring an additional 8,717 shares during the quarter. Korea Investment CORP's holdings in Zillow Group were worth $7,155,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Zillow Group by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,538,709 shares of the financial services provider's stock worth $113,941,000 after acquiring an additional 11,727 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Zillow Group during the 4th quarter worth $7,375,000. Vinva Investment Management Ltd purchased a new stake in shares of Zillow Group during the fourth quarter worth $1,187,000. Donoghue Forlines LLC acquired a new stake in shares of Zillow Group in the fourth quarter valued at about $1,932,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of Zillow Group by 18.5% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 44,114 shares of the financial services provider's stock worth $3,267,000 after buying an additional 6,900 shares in the last quarter. Institutional investors and hedge funds own 71.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Baird R W raised shares of Zillow Group to a "hold" rating in a report on Friday, January 31st. Wedbush restated an "outperform" rating and set a $100.00 price target on shares of Zillow Group in a report on Wednesday, February 12th. Keefe, Bruyette & Woods began coverage on Zillow Group in a report on Friday, March 28th. They issued a "market perform" rating and a $80.00 price objective on the stock. Morgan Stanley raised their target price on Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Monday, January 13th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Zillow Group in a research report on Wednesday, February 12th. Six investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $81.71.

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Zillow Group Price Performance

Shares of Z stock traded down $2.78 during trading hours on Thursday, reaching $68.51. 4,246,170 shares of the company's stock were exchanged, compared to its average volume of 3,317,428. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year high of $89.39. The company has a market cap of $16.62 billion, a P/E ratio of -145.77, a price-to-earnings-growth ratio of 9.24 and a beta of 2.19. The company's 50 day moving average is $76.77 and its two-hundred day moving average is $73.34.

Zillow Group (NASDAQ:Z - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. As a group, analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Insider Activity at Zillow Group

In other news, CFO Jeremy Hofmann sold 1,612 shares of Zillow Group stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total value of $136,987.76. Following the completion of the sale, the chief financial officer now owns 99,362 shares of the company's stock, valued at $8,443,782.76. The trade was a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jun Choo sold 1,277 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $77.72, for a total value of $99,248.44. Following the transaction, the chief operating officer now owns 86,853 shares in the company, valued at $6,750,215.16. This trade represents a 1.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 98,919 shares of company stock valued at $7,869,478. Insiders own 23.76% of the company's stock.

About Zillow Group

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.